BPO Trade Settlement Senior Representative

NTT America, Inc.; Gurugram District; On-site; INR 600,000 - 1,000,000; Full time

Job summary

NTT DATA Services in Gurgaon is seeking a Reconciliation Senior Representative to support asset and wealth management operations for our client. You will perform daily end-to-end cash reconciliation and help ensure accuracy of trades across equities, fixed income and derivatives.

The role requires 1+ year of reconciliation experience and strong MS Excel capabilities, with Bloomberg for price verification. You will collaborate with bank, custody, and advisory teams to resolve items and assist

Qualifications

• Degree in Finance or Accounting required.
• 3+ years of formal studies in Finance/Accounting principles.
• Experience with reconciliation and financial instruments is desirable.

Responsibilities

• Perform daily end-to-end cash reconciliation activities and record transactions.
• Identify variances in cash/assets via bank and custody statements and other data.
• Interact with internal teams, bank, custody, and advisors for missing trades or actions.
• Follow up on pending transactions and incorrect bookings with trade/bank custody teams.
• Verify prices and income using Bloomberg or other market data services.
• Report issues to supervisors and assist with monthly closing and valuations.
• Maintain solid knowledge of financial services products, processes, and teams.

Skills

Attention to detail

Financial analysis

Process adherence

Education

Bachelor's degree in Finance/Accounting

Tools

Bloomberg

Job description

The Company

NTT DATA Services is a top 10 global services company and part of the NTT Group, a Fortune 29 telecommunications and services company based in Japan. We operate with 60,000 professionals in 36 countries. Every day around the world we help clients explore new ways to respond to market dynamics with flexibility and speed, reduce costs with less risk, and increase productivity to enable growth.

For more than 30 years, our Business Process Outsourcing (BPO) team has implemented the processes and technologies for our clients that bring about real transformation for customers of all sizes. Our end-to-end administrative services help streamline operations, improve productivity and strengthen cash flow to help our customers stay competitive and improve member satisfaction.

The Opportunity

Our client is a leading global provider of asset and wealth management solutions. They provide investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.

This team is currently seeking “Reconciliation Sr. Representative” to join our team in Gurgaon

In these roles you will be responsible for:

• Performing daily end to end cash reconciliation activities that includes conducting analysis and recording transactions
• Identifying reasons for variances in cash/assets through bank & custody statements and other supporting data.
• Interacting with designated internal teams, bank, custody and advisors for missing trades /corporate actions/ other transaction items
• Following up on actions for pending transactions/incorrect booking with trade team/bank/custody.
• Verifying prices and income, rate of interest etc. depending upon the security being booked through Bloomberg or other market data services and provide appropriate back-ups.
• Reporting the issues to supervisors and seek support on an immediate basis
• Performing administrative functions related to monthly closing and valuations.
• Developing and maintaining a solid working knowledge of the financial services industry and of all products, services and processes performed by the team

***** All new hires will be required to successfully complete our Orientation/Process training classes and demonstrate proficiency of the material.**

Requirements for this role include:

• Ability to work regularly scheduled shifts from Monday-Friday 17:30pm to 3:30am IST.
• University degree or equivalent that required 3+ years of formal studies of Finance/Accounting principles
• 1+ year(s) of reconciliation experience for financial instruments (equities, fixed income, and derivatives), operation of capital markets, and life cycle of trades.
• 1+ year(s) of data entry experience that required a focus on quality including attention to detail, accuracy, and accountability for your work product.
• 1+ year(s) of experience using MS-Excel that required you to use Formulas, Tables & Formatting, Conditional Formatting, Charting, Pivot tables & Pivot Reporting.